Add Papers Marked0
Paper checked off!

Marked works


Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library library
2,99 € Add to cart
Add to Wish List
Want cheaper?
ID number:698734
Published: 04.03.2009.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Time period viewed: 2006.g. - 2009.g.
Table of contents
Nr. Chapter  Page.
  About Balta   
  Entity offer   
  Paid rewards   
  Market share   
  Annual Accounts for 2007   
  Organized events   

1992 28th january
Latvia’s first insurance company – the state-owned insurance company LATVA – was re-established.
BALTA became the largest insurance company in Latvia in terms of premiums and the largest in the Baltic States in terms of paid equity capital.
BALTA increased its equity capital to LVL 3 million.  The US investment company New Century Holding and its subsidiaries became important BALTA shareholders.
At the beginning of the year, the Danish insurance company Codan, which is part of the largest British insurance group, Royal & SunAlliance, purchased 73.5% of capital shares in BALTA.
Balta’s gross insurance premiums reached a level of LVL 32.64 million in 2005 – 18.4% more than in 2004.  Gross compensation increased by 42% over 2004 – LVL 16.23 million.
About Balta
At present it is the largest insurance company in Latvia whose client range exceeds 500 000 private and corporate clients. Clients are such big Latvian companies as Latvenergo, Latvian Shipping Company, the Central Bank of Latvia, Grindex, Latvian Plywood, Rigas Miesnieks, Skonto and others. Insurance services to the clients are provided by 35 Balta’s branch offices, more than 700 agents and 500 full-time staff, as well as policy sales points in banks, petrol filling stations, supermarkets, border points and other sites. The major AAS Balta shareholder is the Danish insurer Codan (99.98%).Codan is a group company of the UK leading insurance group Royal & SunAlliance.

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −3,48 €
Work pack Nr. 1137263
Load more similar papers


Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?


Not registered yet?

Register and redeem free papers!

To receive free papers from it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register